A couple took out a $5,000 loan from the bank. The loan had a simple interest rate of 7.5% per year. By the end of the loan, the couple had paid $2,250
interest.
What was the length of the couple's loan?

Respuesta :

Blixt

Answer:

6 years

Step-by-step explanation:

t=2250/375

t=6

Hence time of the loan will be 6 years

Answer:

6 years

Step-by-step explanation:

5000 x 0.075 = 375

2250/375 = 6

therfore it is 6 years worth of interest